Name of the Board : CBSE Academic
Class : X STD
Document Type : Sample Question Paper SQP 2019-20
Subject : Elements of Business
Year : 2019-20
Website : http://cbseacademic.nic.in/SQP_CLASSX_2019_20.html
CBSE Elements of Business Question Paper
Download Question Paper of Class X Elements of Business 2019-20 is now available in the official website of CBSE Academic.
Related : CBSE X STD Elements of Book Keeping & Accountancy Sample Question Paper 2019-20 : www.pdfquestion.in/34653.html
Sample Questions
1 An association of persons formed for carrying out business activities and has a legal status independent of its members is known as
a) Joint Hindu Family
b) Partnership
c) Consumer Cooperative society
d) Company
2 Which of the following can be classified as a borrowed fund?
a) Equity Shares
b) Preference Shares
c) Retained earnings
d) Debentures
3 It is not used for making payment
a) Cash
b) Debit card
c) Credit card
d) Debit note
4 In every sale and purchase transaction, money is paid to the seller by the
a) Producer
b) Buyer
c) Shopkeeper
d) Seller’s bank
5 A retail store exclusively selling ‘ Ayurvedic medicines’ is a typical example of a __________.
6 A process of communication in which the message is exchanged through letters sent by post is called
a)Oral communication
b)Written communication
c)Visual communication
d)Online communication
7 An invoice is sent by
a) a seller to the buyer
b) a buyer to the seller
c) a bank to its customers
d) an employer to his employees
8 Signature of a company is known as
a) Trademark of the company
b) Logo of the company
c) common seal
d) signature of the director
9 Which of the following does not come under the category of fixed shop retailers?
a) General Stores
b) Chain Stores
c) Market Traders
d) Departmental Stores
10 The process of converting the message into communication symbols is known as
a) Media
b) Encoding
c) Decoding
d) Feedback
11 Sales promotion is important from the point of view of consumers because
a) It increases profits
b) It helps them to get full information about the product
c) It increases sales
d) It increases goodwill
12 DTH services are provided by
a)Transport Companies
b)Banks
c) Cellular Companies
d) Postal Companies
13 Automatic vending machine is generally used to sell
a) Soft Drinks
b) Chocolates
c) Chips
d) all of the above
14 Grapevine communication is an ________ communication.
a) Lateral
b) formal
c) barrier to communication
d) informal
15 This advertising media is suitable to convey the message to those who cannot see
a) Newspapers
b) Magazines
c) Radio
d) Electric Display
16 Document that is sent by the seller to a potential customer offering to sell goods or services at a certain price is known as
a) Debit note
b) Credit note
c) Quotation
d) Accounts Payable
17 Give any three point of distinction between Departmental Stores and Chain Stores.
18 State any three limitations of telephonic conversation as a means of business communication.
Or
State any three advantages of email as a means of business communication.
19 What is the difference between a cash transaction and a credit transaction?
Or
Explain the concept of sale.
20 Raman has set up beauty products manufacturing unit on 30th April, 2019.He has got his unit registered under Companies Act, 2013. From the day of its registration, it acquired an identity separate from its members. The Board of directors of the company appointed top officials for running the business.
Identify the three features of the company form of organization highlighted above by quoting the lines.
21 Explain the following concepts in brief
(a) Credit Note
(b) Debit Note
22 Identify the technique of sales promotion used by the company in the following cases
(a) Purchase goods worth? 90,000 and get a holiday package of ?10,000 free.
(b) A company offers 40% of extra glucose in a pack of 1 Kg.
(c) A mobile company offers a discount of ?2,000 to clear off excess inventory.
23 Mention any four factors responsible for lack of popularity of mail order business in India.
24 State any four merits of retained earnings as a source of finance.
Or
State any four limitations of raising funds through equity shares.
25 Explain any two advantages of video conferencing as method of business communication.
26 Explain any four points of importance of communication for business organisations.
Or
Explain any four measures to overcome barriers to effective communication.
27 Explain the importance of personal selling to a business organisation.
Or
Explain the meaning and importance of advertising.
28 Explain the following two methods of purchase of goods-
a) Instalment Method
b) Hire Purchase Method
29 Define the term ‘multi-national company ‘.State any four features of it.
Or
Differentiate between public company and private company .
30 Rohit has decided to start insulated water bottled manufacturing unit. He discusses the need of funds required to set up the unit with his friend, who is a Chartered Accountant. His friend suggested him to divide the financial needs into two parts. First one to set up the business and secondly to meet day to day expenses.
(a) What are the two categories of financial needs of business referred here?
(b) Explain the meaning of the concepts identified in (a) part.
Marking Scheme
1 D) Company 1
2 D) Debentures 1
3 D) Debit Note 1
4 B) Buyer 1
5 Speciality Store 1
6 B) Written Communication 1
7 A) A Seller to the buyer 1
8 C) Common Seal 1
9 C) Market Traders 1
10 C) Encoding 1
11 B) It helps them to get full information about the product. 1
12 C) Cellular Companies 1
13 D) All of the above 1
14 D) Informal 1
15 C)Radio 1
16 C) Quotation
18 Limitations of Telephonic Conversation
1) Phone communication is less personal in many ways and can lead to miscommunication and misunderstanding.
2) It is more expensive as compared to other methods of communication, like, email.
3) Phones can raise privacy concerns not just over wire taps. Crossed lines do still happen and familiarity with using a phone can lead to confidential business conversations taking place in otherwise public settings.
Or
Advantages of an email :
1. It is a fast method of communication.
2. It is an inexpensive method of communication.
3. As compared to traditional sources of communication, there is little chance of loss in transmission.
19 The difference between a cash transaction & credit transaction is the timing of the payment. A cash transaction is a transaction where payment is settled immediately. On the other hand, payment for a credit transaction is settled at a later date.
For example, Ramesh buys grocery and makes payment immediately in cash it will be known as a cash transaction. However, if he makes the payment on a later date it will be known as a credit transaction.
or
Contract involving transfer of the possession and ownership (title) of a good or property, or the entitlement to a service, in exchange for money or value is known as a sale.
Essential elements that must be present in a valid sale are :
(1) competence of both the buyer and seller to enter into a contract,
(2) mutual agreement on the terms of exchange,
(3) a thing capable of being transferred, and
(4) a consideration in money (or its equivalent) paid or promised.
Download Elements of Business Question 2019-20 :
Sample Paper :
https://www.pdfquestion.in/uploads/pdf2019/34696-SQP.pdfMarking Scheme :
https://www.pdfquestion.in/uploads/pdf2019/34696-MS.pdf